Click here to access the standard deduction table to use. a. Ellie is 15 and claimed as a dependent by her parents. She has $1,225 in dividends income and $1,440 in wages from a part-time job. b. Ruby and Woody are married and file a joint tax return. Ruby is age 66, and Woody is 69. Their taxable retirement income is $15,615. Shonda is age 68 and single. She is claimed by her daughter as a dependent. Her earned income is $300, and her interest income is $425. d. Frazier, age 58, is married but is filing a separate return. His wife itemizes her deductions. C. 10
Exhibit 3.4 Basic Standard Deduction Amounts Filing Status Single Married, filing jointly Surviving spouse Head of household Married, filing separately Standard Deduction Amount 2020 $12,400 24,800 24,800 18,650 12,400 2021 $12,550 25,100 25,100 18,800 12,550
spouse who is age 65 or over or blind, but not for a dependent. Exhibit 3.5 Additional Standard Deduction Amounts Filing Status Single Married, filing jointly Surviving spouse Head of household Married, filing separately 2020 $1,650 1,300 1,300 1,650 1,300 2021 $1,700 1,350 1,350 1,700 1,350